| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue & Cost | |||||
| Total Revenue | $139.36M | $164.01M | $230.23M | $286.51M | $359.60M |
| Cost of Revenue | $3.07M | $3.88M | $5.76M | $3.45M | $8.21M |
| Gross Profit | $136.29M | $160.13M | $224.47M | $283.05M | $351.38M |
| Gross Margin % | 97.80% | 97.63% | 97.50% | 98.80% | 97.72% |
| Operating Expenses | |||||
| R&D Expenses | $0.00 | $0.00 | $0.00 | - | - |
| SG&A Expenses | $21.75M | $24.44M | $24.33M | $29.46M | $30.68M |
| Other Operating Expenses | $42.75M | $60.28M | $68.94M | $88.65M | $81.50M |
| Total Operating Expenses | $64.49M | $84.72M | $93.27M | $118.11M | $112.18M |
| Operating Performance | |||||
| Operating Income | $52.77M | $72.83M | $134.42M | $175.42M | $242.75M |
| Operating Margin % | 37.87% | 44.41% | 58.38% | 61.23% | 67.51% |
| EBITDA | $112.21M | $131.54M | $198.71M | $256.33M | $352.05M |
| EBITDA Margin % | 80.52% | 80.20% | 86.31% | 89.47% | 97.90% |
| Other Income/Expenses | |||||
| Interest Expense | $27.04M | $29.65M | $33.61M | $40.37M | $52.60M |
| Other Income/Expenses Net | $-4.45M | $-30.09M | $-37.98M | $-39.68M | $-50.70M |
| Income Before Tax | $48.33M | $42.74M | $96.44M | $135.74M | $192.05M |
| Income Tax Expense | $303.00K | $212.00K | $227.00K | $998.00K | $636.00K |
| Net Performance | |||||
| Net Income | $41.84M | $42.27M | $95.73M | $134.13M | $190.71M |
| Net Margin % | 30.03% | 25.77% | 41.58% | 46.82% | 53.03% |
| EPS | $0.65 | $0.44 | $0.81 | $0.99 | $1.25 |
| Diluted EPS | $0.63 | $0.44 | $0.80 | $0.99 | $1.24 |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Cash Equivalents | $8.30M | $26.60M | $59.76M | $62.35M | $39.81M |
| Short Term Investments | - | - | $3.15B | $3.78B | - |
| Net Receivables | $25.93M | $63.24M | $272.92M | $341.61M | $107.55M |
| Inventory | $1.21M | - | - | $4.78M | - |
| Other Current Assets | $27.76M | $6.39M | $-3.15B | $9.16M | $16.61M |
| Total Current Assets | $63.20M | $96.23M | $332.67M | $417.89M | $371.21M |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | - | - | $87.96M | $88.36M | - |
| Long Term Investments | - | - | $-200.15M | $31.49M | - |
| Tax Assets | - | - | - | - | - |
| Other Non-Current Assets | $1.83B | $2.31B | $2.99B | $3.37B | - |
| Total Non-Current Assets | $1.91B | $2.39B | $2.97B | $3.58B | $89.21M |
| Total Assets | |||||
| Total Assets | $1.98B | $2.49B | $3.30B | $4.00B | $4.77B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | - | - | - | $-8.98M | - |
| Short Term Debt | - | - | $144.00M | $8.98M | $1.64M |
| Tax Payables | - | - | - | - | - |
| Deferred Revenue | - | - | $25.64M | $22.99M | - |
| Other Current Liabilities | $36.85M | $42.50M | $-104.88M | $45.67M | $69.35M |
| Total Current Liabilities | $36.85M | $42.50M | $64.76M | $68.66M | $78.43M |
| Non-Current Liabilities | |||||
| Long Term Debt | $726.92M | $815.28M | $1.17B | $1.42B | $1.68B |
| Other Non-Current Liabilities | $9.56M | $49.08M | $24.53M | $13.83M | $30.44M |
| Total Non-Current Liabilities | $736.49M | $864.36M | $1.19B | $1.43B | $1.71B |
| Total Liabilities | |||||
| Total Liabilities | $773.33M | $906.85M | $1.25B | $1.50B | $1.78B |
| Shareholders Equity | |||||
| Equity Components | |||||
| Common Stock | $838.00K | $1.06M | $1.25M | $1.42M | $1.65M |
| Retained Earnings | $-27.48M | $-77.67M | $-100.98M | $-117.19M | $-105.55M |
| Accumulated Other Comprehensive Income/Loss | $-1.95M | $-37.18M | $-14.79M | $40.72M | $4.02M |
| Total Shareholders Equity | $1.19B | $1.57B | $2.04B | $2.49B | $2.98B |
| Key Metrics | |||||
| Balance Check | |||||
| Total Liabilities & Equity | $1.97B | $2.48B | $3.29B | $4.00B | $4.77B |
| Total Debt | $726.92M | $815.28M | $1.17B | $1.42B | $1.69B |
| Net Debt | $718.62M | $788.68M | $1.11B | $1.36B | $1.65B |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Core Operations | |||||
| Net Income | $41.84M | $42.27M | $95.73M | $134.74M | $191.42M |
| Depreciation & Amortization | $43.03M | $59.41M | $69.15M | $88.35M | $101.94M |
| Stock Based Compensation | $6.24M | $6.09M | $5.68M | $9.49M | $9.01M |
| Working Capital Changes | |||||
| Change in Accounts Receivable | - | $-12.06M | $2.22M | $4.51M | $-5.96M |
| Change in Inventory | - | - | - | - | - |
| Change in Accounts Payable | - | - | - | - | $767.00K |
| Other Working Capital Changes | $26.36M | $53.73M | $267.92M | $-3.94M | $767.00K |
| Total Working Capital Change | $2.43M | $-7.82M | $16.65M | $564.00K | $-5.19M |
| Other Operating | |||||
| Other Non-Cash Items | $-4.97M | $-561.00K | $-19.81M | $-22.12M | $-22.64M |
| Net Cash from Operations | $88.57M | $99.39M | $167.39M | $211.02M | $254.57M |
| Investing Activities | |||||
| Capital Investments | |||||
| Capital Expenditures | $-587.35M | - | - | $-728.73M | $-894.55M |
| Purchase of Investments | $-2.13M | - | - | $-895.61M | $-118.17M |
| Sale of Investments | $66.77M | $82.89M | $58.38M | $126.61M | $128.60M |
| Other Investing Activities | $-85.12M | $-628.40M | $-888.07M | $-103.96M | $-985.72M |
| Net Cash from Investing | $-607.84M | $-545.51M | $-829.68M | $-706.08M | $-857.13M |
| Financing Activities | |||||
| Debt & Equity | |||||
| Debt Repayment | $-726.12M | $-180.91M | $-442.78M | $-443.00M | $-247.97M |
| Stock Repurchases | - | - | - | $-2.45M | $-3.67M |
| Dividends Paid | $-63.90M | $-86.48M | $-112.33M | $-141.69M | $-168.23M |
| Other Financing Activities | $902.74M | $264.17M | $785.91M | $690.06M | $503.94M |
| Net Cash from Financing | $524.35M | $457.79M | $689.06M | $506.80M | $580.01M |
| Cash Position | |||||
| Summary | |||||
| Net Change in Cash | $5.08M | $11.67M | $26.77M | $11.74M | $-22.54M |
| Cash at Beginning of Period | $16.24M | $21.32M | $32.99M | $59.76M | $71.50M |
| Cash at End of Period | $21.32M | $32.99M | $59.76M | $71.50M | $48.96M |
| Key Metrics | |||||
| Operating Cash Flow | $88.57M | $99.39M | $167.39M | $211.02M | $254.57M |
| Capital Expenditure | $-587.35M | - | - | $-728.73M | $-894.55M |
| Free Cash Flow | $88.57M | $99.39M | $167.39M | $-517.71M | $-639.98M |